A falling wedge pattern is forming. Buy upon breakout.
RSI looks very oversold. Expecting a small bounce upwards from here. But a continuation of decline.
A breakout from a falling wedge pattern depends heavily on buy volume.
RSI looks very oversold. Expecting a small bounce upwards from here. But a continuation of decline.
A breakout from a falling wedge pattern depends heavily on buy volume.
Note
Wait for the breakout, above the orange top line, before buying. Currently, expecting this to go within the triange wedge.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.